Insulating glass units market in Norway

Earlier Report Observations

The market for insulating glass units in Norway showed notable variability from 2018 to 2024. After a slight contraction in 2019 and 2020, market volume rebounded strongly in 2021 and 2022, reaching a peak of 46 033 thousand m² (valued at 117.4 million US dollars) in 2022. This growth phase was followed by a significant contraction in both 2023 and 2024, with the market declining to 35 213 thousand m² and 87.3 million US dollars by the end of the period.

The market expansion in 2022 coincided with the entry of a new player, Hybridized, which launched with the goal of changing industry standards by offering insulating glass with superior thermal performance and reduced weight. This innovation, aimed at lowering energy use and emissions in construction, likely stimulated demand and contributed to the observed market growth that year by making the product more attractive for energy-efficient building projects.

The subsequent decline in market volume and value after 2022 may reflect adjustments in construction sector demand or broader economic conditions, though specific explanatory factors for these later years are not detailed in the sources.

Production insulating glass units in Norway

In value, 2018-2021, K $ US

After two consecutive years of growth, Norway's production of insulating glass units declined. In 2021, output was valued at 14 592 K $ US, representing a 33.2% decrease from the previous year. Production increased by 2.9% overall between 2018 and 2021, which translates to an annualized growth rate of 0.9%. The highest value was recorded in 2020 at 21 850 K $ US, while the largest annual increase occurred in 2019 at 43.6%.

Annual dynamics of production in Norway in value, 2018-2021, K $ US

In kind, 2018-2021, K m²

The market showed an unstable trend over the period. Production peaked in 2019 and reached its lowest point in 2021, with a 3.4-fold difference between these years. In 2021, Norway produced 176.5 K m² of insulating glass units, a 28.0% drop compared to 2020. The maximum volume was recorded in 2019 at 607.6 K m². The largest decline occurred in 2020 at 59.7%, while the largest increase was in 2019 at 92.5%.

Annual dynamics of production in Norway in kind, 2018-2021, K m²

Exports insulating glass units from Norway

Exports in kind, K m²

Following two years of growth, Norway's exports of insulating glass units declined. In 2021, exports amounted to 117 K m², marking a moderate decrease of 6.2% compared to 2020. Between 2018 and 2021, exports increased by 92.3%, equivalent to an annualized growth rate of 24.4%. The highest export volume was recorded in 2020 at 124 K m², with the largest annual increase also occurring in 2020 at 58.8%.

Annual dynamics of product's exports from Norway in kind, 2018-2021, K m²

From 2018 to 2021, Sweden and Denmark formed the dominant pair of markets for Norway's exports in volume terms, jointly accounting for 81.9% of total flows, while other countries represented the remaining share.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Norway in kind, 2018-2021

Exports in value, K $ US

After two years of increase, Norway's exports of insulating glass units in value terms declined. In 2021, exports were recorded at 430 K $ US, which is 7.6% less than in 2020. Between 2018 and 2021, exports increased by 30.7%, equating to an annualized growth rate of 9.3%. The maximum value was recorded in 2020 at 465 K $ US, with the largest annual increase also occurring in 2020 at 25.1%.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

Throughout 2018 to 2021, the three largest markets for Norway's exports in value terms were Sweden, Denmark, and the United Kingdom, together accounting for 80.3% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Norway in value, 2018-2021

Imports insulating glass units to Norway

Imports in kind, K m²

After two years of decrease, Norway's imports of insulating glass units increased. In 2021, imports reached approximately 42 976 K m², up by 9.4% compared to the previous year. Over the period from 2018 to 2021, imports grew by 6.4%, with a compound annual growth rate (CAGR) of 2.1%. The lowest import volume was recorded in 2020 at 39 284 K m², while the largest annual decline occurred in 2019 at 1.7%.

Annual dynamics of product's imports to Norway in kind, 2018-2021, K m²

From 2018 to 2021, Poland remained the overwhelmingly dominant supplier of insulating glass units to Norway in volume terms, accounting for 91.9% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Norway in kind, 2018-2021

Imports in value, K $ US

Following two years of reduction, Norway's imports of insulating glass units in value terms increased. In 2021, imports totalled 88 225 K $ US, marking a solid uptick of 16.8% versus the previous year. Between 2018 and 2021, imports increased by 3.1%, equating to an annualized growth rate of 1.0%. The minimum value was recorded in 2020 at 75 542 K $ US, with the largest annual decline also occurring in 2020 at 6.7%.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Throughout 2018 to 2021, Poland clearly dominated Norway's imports in value terms, taking 85.0% of total flows, while other countries each held significantly smaller shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Norway in value, 2018-2021